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Wal-Mart to offer 'everyday low prices' for generic drugs

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Wal-Mart promises to offer low prices, always. That corporate slogan should be ringing true for the price of generic drugs in its pharmacies soon. Wal-Mart Stores, Inc. (NYSE: WMT) announced a new program to sell generic prescription drugs to both employees and customers at sharply reduced rates.

Wal-Mart will apparently be selling generic versions of the 300 most widely-prescribed drugs for as low as $4 for a standard prescription, starting first in Tampa, Florida. That is cheaper -- way cheaper -- than many OTC drugs, yes? While this new Wal-Mart trial program will be featured in the Tampa, Florida market first and roll out to the rest of Florida in January, I think we can safely assume it will go nationwide next year. I sincerely doubt the program will get a tepid response in any way, shape or form.

With Wal-Mart being the ruthless and highly-influential giant in millions of American lives these days, is this new generic drug experiment an attempt to actually have a hand in lowering the cost of health care for its customers and employees? I think so.

Wal-Mart has lowered prices (and destroyed the profit margins of many a small company, many argue) on just about every possible category of merchandise there is. No, make that 100% of products in every category in retail. Why shouldn't health care come next? Wait a minute -- it is.

Get your high-fat edible cheese in a pressurized can, taco-flavored potato chips and then be able to get your prescription drugs to combat cholesterol all at the same time -- and at everyday low prices.

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Last updated: November 23, 2009: 11:54 PM

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